Dalton Greiner Hartman Maher & Co. boosted its stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 505,257 shares of the financial services provider’s stock after acquiring an additional 22,070 shares during the period. Community Trust Bancorp accounts for about 1.2% of Dalton Greiner Hartman Maher & Co.’s holdings, making the stock its 15th biggest position. Dalton Greiner Hartman Maher & Co. owned approximately 2.86% of Community Trust Bancorp worth $23,798,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in Community Trust Bancorp in the 3rd quarter valued at approximately $104,000. BNP Paribas Arbitrage SA boosted its holdings in Community Trust Bancorp by 350.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,555 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,988 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Community Trust Bancorp by 4.3% during the 2nd quarter. Legal & General Group Plc now owns 3,793 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 156 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Community Trust Bancorp by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,527 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 679 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Community Trust Bancorp during the 3rd quarter worth approximately $211,000. Hedge funds and other institutional investors own 56.08% of the company’s stock.
Shares of Community Trust Bancorp, Inc. (NASDAQ CTBI) traded down $1.05 on Wednesday, reaching $49.15. The company’s stock had a trading volume of 30,200 shares, compared to its average volume of 29,380. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $888.17, a P/E ratio of 17.94 and a beta of 0.68. Community Trust Bancorp, Inc. has a 52 week low of $40.33 and a 52 week high of $51.90.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Friday, December 15th were issued a dividend of $0.33 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.69%. Community Trust Bancorp’s payout ratio is 48.18%.
CTBI has been the topic of several research analyst reports. Zacks Investment Research raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. BidaskClub downgraded Community Trust Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $50.00.
In other news, Director Chad C. Street acquired 4,000 shares of the firm’s stock in a transaction on Friday, December 22nd. The stock was bought at an average cost of $48.79 per share, with a total value of $195,160.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $243,950. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Jean R. Hale sold 6,875 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $50.60, for a total transaction of $347,875.00. Following the completion of the transaction, the chairman now directly owns 126,397 shares of the company’s stock, valued at $6,395,688.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,774 shares of company stock valued at $593,927. Insiders own 4.80% of the company’s stock.
Community Trust Bancorp Company Profile
Community Trust Bancorp, Inc is a bank holding company. The Company holds interests in a commercial bank, Community Trust Bank, Inc (the Bank), and a trust company, Community Trust and Investment Company. Through its subsidiaries, the Company engages in a range of commercial and personal banking, and trust and wealth management activities, which include accepting time and demand deposits; making secured and unsecured loans to corporations, individuals and others; providing cash management services to corporate and individual customers; issuing letters of credit; renting safe deposit boxes, and providing funds transfer services.
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